Ballet Nebraska

Analysis

Ballet Nebraska is a registered charity in United States, based in Council BLFS, IA. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ballet Nebraska reported income of $1.9m and spending of $1.8m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.9m (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ballet Nebraska sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within IA. Charities of a similar size with the same main cause include El Paso Symphony Orchestra Assn ($1.9m), Huntington Museum of Art Inc ($1.9m) and New Orleans Center for Creative Arts Foundation ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $137k (7.8% of expenses). Other salaries and wages came to $814k. At year end it held assets of $3.6m against liabilities of $385k, net assets of $3.2m. It reported 45 employees.